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after steve jobs. it's "nightly business report" for thursday, august 25. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. two iconic american companies-- apple and bank of america-- and two iconic c.e.o.s-- steve jobs and warren buffett-- in the spotlight today. susie, investors spent the day trying to figure out whether it's time to buy or sell shares of apple and bank of america. >> susie: tom, steve jobs and warren buffett are visionaries that investors pay close attention to. so it's not surprising that apple stock fell slightly today reacting to news that the company's superstar c.e.o. resigned. shares closed down $2.23 to $375 and change. but shares of bank of america jumped almost 10% after buffett said he's making a big $5 billion bet in the beleaguered bank. >> tom: we'll have more on the future of apple in a moment, but first, a clo
comes irene, she swept through the bahamas. now the east coast is bracing for this storm. so steve jobs resigns because of his health. how will the company do without him? hello and welcome to tripoli, a city which is very slowly resuming some of its normal rhythms. more shops were opened. for the most part, the streets remained deserted. many of the streets have check posts. gaddafi loyalists who are well armed and well trained and are very defiant and they are putting up a fight. there is a firefight close to his former compound he could be hidings pence of there is still intense fighting is to this district of the south, the place of the notorious prison. some of these prisoners have managed to escape but there has been fierce fighting involving snipers who have been killed. many of the injured have been arriving for medical treatment. at the compound, the compound remains under rebel control. a lot of firing their. there is an underground complex of tunnels. my colleague was there to see it. >> descending into colonel gaddafi's underground fortresses. a warren of tunnels which runs
and the world of technology, as steve jobs steps down. >> suarez: we talk to "washington post" sports reporter sally jenkins about the diagnosis of alzheimer's disease for legendary basketball coach pat summitt. >> brown: from the "economist film project": we get the story of two elderly drivers, still behind the wheel. >> next month, i'll be 97. i've been driving for about 89 years. i think i'm beginning to learn how to do it now. >> suarez: and we have another in our interviews with republican presidential candidates. tonight, former utah governor jon hunstman. >> i believe that on some issues we've gone too far to the right. and i believe that we've got to be more common sense oriented. we've got to be focused on solutions. we've got to be a party of solutions and big ideas. that's how we're going to attract people, and that's ultimately how we're going to win elections. >> brown: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> we pumped $21 million into local
in solving this. >> alongside me, the big business story, steve jobs stepping down as chief executive of apple. affects the share price, doesn't it? >> yes. there's always been a jobs premium to the apple share price. during his illnesses. the liver transplant and pancreatic cancer and every time he's announced a short-term medical departure, weave seen a drop in shares. >> but he's got a team of technology inventors. >> well, he fwrauth magic to apple. he's the walt disney of the company. let's take a look. >> for a decade steve, the rock star of the technology world and his trademark t-shirt and jeans carsmatically launching innovation after innovation. this was june presenting the icloud, the next big thing in the computing world. in 2001 the aye pot then in 2007 the iphone then the ipad. it made apple one of the world's richest companies, even steve jobs rival used word like vision narrow and -- but to fight a rare cancer for a liver transplant and most recently an unnamed condition which might be why he decided to step down. tim cook will replace him, already handpicked and trust
proved an irresistible draw for forgers. from berlin, steve has all the details. >> german detectives have opened the door on what they call a huge scandal. in a police station was a collection of masterworks of the '20s century. they sold for many millions, but they are all fakes. scientific analysis reveals them to be part of a con. >> a scandal. and most exciting scandal in the art world. we are discussing 47, 48, 50 very, very famous paintings that are fakes. >> the alleged forgers are awaiting trial. ninth of the art world was amazed, a collection had been sold that no one had heard of before. this one was sold for $6 million. this one was sold for $3.5 million. scientific investigations using microscopes and x-rays revealed that some of the paint could not have come from the time the artist for painting. artists not involve said that the problem is that our experts did not look below the surface. >> many experts said they did not need scientific investigation. they said they knew the art so well, the charisma from the work itself, that they could define an original. >> germany h
of the leaderboard. steve stricker had a great day. he equaled the course record, the major record for the lowest round in history, 63 was hips round, and he's the world number five, but actually the top four in the leaderboard at the american, steve stricker leading the way at the moment. he's got a two-shot lead and really an excellent birthday, so he'll be looking to carry on with that. but rory mcilroy, who won the u.s. open, he has also a very mixed round, was playing quite well, but he's actually the pretournament favorite, but the shot you'll see coming up here, he tries to hit this from behind what is a tree root, really injures his wrist. you can see him shaking the wrist there, really bad injury, had a difficult round after that. he's 22, so he'll go for that shot and maybe shouldn't have done, he's going to have a scan on his wrist this morning, and he won't know definitely if he can carry on, so we're waiting to hear on that. >> what a disappointing turn for him. kathy, thanks very much. you're watching "bbc world news." still to come -- could texas provide another u.s. president? mig
to market to u.s. consumers. >> tom: apple's c.e.o. steve jobs will resign from that position effective immediately, of course he has been battling health problems. we'll have more on this coming up later on in the program. meantime let's get to tonight's market focus. >> tom: we've seen a two-day, triple-digit rally for the blue chips and three straight days of gains for the major indices. the financial sector led the way today, and bank of america again continues to see plenty of wild swings and huge trading volumes. b-a-c jumped 11% after hitting a new low yesterday. the bank has been fighting back against market concerns regarding its capital position. it maintains it has enough money at its disposal. an analyst at raymond james calls the rumors of capital trouble absurd. here's b. of a. since the spring of 2009, the last time the stock was in the $6 dollar range. one uncertainty that continues to hang over the bank are lawsuits over mortgages gone bad. other leading financial stocks today include life insurer genworth, jumping almost 7%. and dow stocks american express and j.p. mor
factors with steve rattner, nouri al rabinny, bill sahlman and bill gross. >> what they're worried about today is slow growth, recession and risk. and e fact is, over the last couple of years we put a lot of stimulus in the economy, we got the economy growing again but it's like pumping air into a balloon. >> rose: you think there's a real threat of a double-dip recession in. >> i think there is at this point at least a 50% probability. >> i think you have to think about a new kind of manufacturing. i think a lot of people are going to start to move manufacturing back here. >> today we have global economies in the developed world that were based on expectations of 2% to 3% growth and now we're looking at 0 or perhaps something less. and so this stability that was is leading to instability in the future based upon slower economic growth and/or recession and therefore declining profits. >> rose: a look at markets and the defining factors of our economic future next. ♪ ♪ [ male announcer ] if you've had a coke in the last 40 years, you've played a part in building our global recycling p
over. steve kingston distorts our coverage. >> it has been a ferocious fight. nerves frayed, reputations guard on both sides. but finally it is over. >> congress has approved a compromise to reduce the deficit and avert a default that would have devastated our economy. it was a long and contentious debate. >> the agreement was sealed by a vote in the senate. who got the better deal? listen to the difference between gleeful republicans and reluctant democrats. >> this is a welcome change in behavior, and i gladly support it. make no mistake. this is a change in behavior from spend, spend, spend to cut, cut, cut. >> to be frank, almost everything else about this bill states, and it stinks to high heaven. >> it has come to this because america is deep in the red. with every dollar the government spends, 40 cents is borrowed money. congress sets a ceiling on that, currently a little over $14 trillion. the government will hit that ceiling today, but this bill raises it by a further $2.40 trillion in exchange for spending cuts. the white house admits that at times this debate has
against the regime. there are today fresh reports of tanks and gunfire. the bbc's steve rosenberg is in moscow for that. what does it bring to the table? it doesn't like the u.n. resolution. what is its solution? >> russia said it is distinctly unhappy with the draft resolution which america and the european powers have come up with which russia maintains is bias against the syrian authorities. the russians have come up with their own draft resolution or alternative resolution, one that in moscow's eyes is more balanced. one that would call for cessation of violence on both sides and would call for a speeding up of reforms but would make no mention of economic sanctions against the syrian authorities. the russians maintain that is the best way to resolve this conflict. >> el-assad not known for listening to outside voices over the duration of this conflict. if he doesn't listen to russia, does moscow have a plan b here? >> certainly the russians have indicated they may vito any u.n. security council resolution that in moscow's eyes does not lead to a resolution of the situation. i
for you? >> and now, "bbc world news." >> bynum steve evans in one of the centers of german manufacturing industry. you are watching "bbc world news." the motor of economic growth is sputtering. the 0.1% growth and the market down. feeling the pressure as german chancellor angela merkel and french president nicolas sarkozy speak their minds. also in this program, under arrest for bowling to fight on, and indian anti-corruption -- valine to fight on, and india -- vowing to fight on, and indian anti-corruption leader works on. ♪ ♪ growth in the german economy has grown sharply and is weaker than previously thought. it grew -- it fell sharply, and is weaker than previously thought. it has grown only 0.1%. it is causing european stocks to fall. growth figures for the rest of your son are expected to be released shortly. our correspondent is with us. good morning. >> good morning. a big return for the german economy. -- turn for the german economy. the stock markets were built with only 15 merchants. what would they think today? i am joined by one of the merchants in the city this morning.
is something of a legend the way bill gates and steve jobs are in the ad states. he has his own company called innovation were said incubates ideas from the men and women and the shepherds the best of those ideas to market. how have you been? >> very good. tavis: so these eggs, tell me the story behind this. >> we incubate projects. we want to help companies grow. these nests represent the company's we help maximize their chance of success. tavis: i like that. what does this have to do with innovation works and starting companies? >> we have young people. young people like to have fun. they're good at foosball. this is our second table. they wore out our first table. the little guys, broken down into toothpicks. we had to get a new one. tavis: do you play? >> yes. not bad for my age. tavis: this is a saturday. i did not expect anybody to be here. is this typical? or are they here to impress me? >> everybody works six or seven days a week. they want to. we do not demand it. this is their own company. they own most of the shares. we are here to provide support to help them be successful. you ask
, steve warned that if this devolves into revolutionary justice where there is a departure from dew due process t obviously this would be a stain on egypt's reputation, but i think what people in egypt may be afraid of is precisely the opposite, that the courts will get mired in due process and actually won't hold mubarak sufficiently accountable, either because of their kind of internal processes or because they've been directed by the military to not punish mubarak. so that i think is what people are worried about is they're worried that the court system may not punish mubarak as fully as people believe he needs to be punished. so there is this very delicate balancing act that has to happen. >> precisely what i mean by revolutionary justice and a desire for revenge, which you can understanding. this is why perhaps this trial in this way is not the best way of going about it. perhaps a truth in reconciliation commission, along the lines of what happened in south africa many years ago, may have been a better way to go. >> warner: because that would lay out all the abuse, how the secret
. >> reporter: economist steve gallagher says the problem is a slow economy can only make jobs at a very slow pace. in the last three months, employers have added a total of 216,000 new jobs to payrolls. today, we learned that more jobs were actually created in may and june than originally reported. but nearly 14 million americans remain unemployed. and, with job growth still anemic, the unemployment rate is going to stay elevated. economist anthony chan says if we're lucky, we'll get as many as 150,000 new jobs a month through the end of this year. >> that, i think, will be just barely enough to hold the unemployment rate. we may see a little bit of a decline in the unemployment rate between now and the end of the year, and, the hope and expectation is that next year we start to see a little bit stronger growth. >> reporter: economists believe most new jobs will come from the private sector as they did last month. the government, particularly at the state and local level, cut positions again in july. it was the ninth straight month of job losses in the government sector. >> it sounds like it
the bahamas and headed toward the u.s. mainland. and steve jobs resigned as chief executive of technology giant apple. jobs is a cancer survivor who's been on medical leave since january. in a statement he said he can no longer carry out his duties. on our website, find more from esmeralda santiago, as well as other stories. kwame holman explains. >> holman: the novelist reads from "conquistadora" on art beat. we have a photo essay from south dakota's black hills and more on the history of the native american land claim. plus read ray's blog post about somalis suffering from the famine and the political strife in mogadishu. that's on our global health page. all that and more is on our web site: newshour.pbs.org. ray? >> suarez: and that's the "newshour" for tonight. on thursday, we'll have a newsmaker interview with republican presidential hopeful and former utah governor jon huntsman. i'm ray suarez. >> brown: and i'm jeffrey brown. we'll see you online and again here tomorrow evening. thank you and good night. major funding for the pbs newshour has been provided by: and the william and
has been in the city of manchester. we have a report from steve douglas of "independent television news." >> reporter: another night and another city consumed by rioting. this was a store ablaze in manchester's city center. it appeared to be started by a teenager moments earlier who calmly walked away. today an 18-year-old man was arrested on suspicion of arson. hours earlier, greater manchester police released images of those they're searching for on a night when they struggled to cope. here you can see a t.v. being looted from this shop. but with the possibility of violence, was it right to send 100 officers to help in london? >> we were prepared. we've done a huge amount of work during the day. we had a lot of officers on duty. we've already changed to 12-hour shifts so having even more officers on duty. >> reporter: the riots were worse here. here, cars and buildings burned. the police charged, but for large periods the streets didn't belong to them. lawlessness and looting prevailed. at the center was a shopping precinct-- on fire and under siege. >> it's just a bit sad. peopl
started his political career, very few people know this, his first boss what steve solarses a liberal democrat. but then moved on to a protege of alan simpson of the simpson bowles commission. not just bej director but trade commission so he know it. close with ben carden of the house. sow knows bipartisanship but he is a loyalist and he is a real key player. >> warner: now the house democrats, norm i will begin with you but maybe combine it. do we see any mavericks here? javier was era, james clyburn and chris van holden. >> all key people in the leadership close cho-- chosen by pelosi because of their persons, van holden is the ranking democrat on the budget committee at the talks. clyburn also at the talks. becara almost became trade representative. smart shall savvy pros, leaders, they're to the going to diverge very much from what pelosi wants or what the caucus wants but they've all indicated a willingness to cut a deal. >> warner: becera was on simpson bowles also. and yes, these are all people-- . >> warner: so he voted no. >> he voted no, you about he was there. and when it a
. the difficulty that arises is that the longstanding political balances that steve referred to are disrupted by these changes. it has political repercussions in turkey. the specific resignations, i think, really reflectio reflecte that's been underway for some time in civil military relations. it codifies what has taken place and codifies the superiority of civilian institutions in tha country. >> ros how much control doeserd, another institution? that's a controversial topic in turkey. and the government's sway over judicial institutions has been expand as a result of constitutional changes approved by the public in a referendum last september. as aractical matter, though, at present, st of the sitting judges in the constitutional court and throughout the jucial system are pointed by -- we appointed by other judges. d they reflect -- they reflect the inherited traditions, the inherited political views, i think, of jurisprudence going back some time. the government does have more influencamong certain elements in the country, and that's been an instrument that e authorities have used in thes
Search Results 0 to 17 of about 18